Good progressive drilling results and adding to the picture.
In reference to RR buying into MTR, I have been reliably told that he wanted to buy into MOD but they said no so he had to settle on MTR. Sprott's globe trotting geologist was on site recently too and gave the thumbs up.
Importantly, but probably unsurprisingly, MOD indicated in the latest announcement that T1 could be processed at the T3 mill. The implications of this, as I see it, is that any discoveries made within the T3 dome complex can be processed at the T3 mill:
It means that the threshold required to meet 'economic' for each of the several targets within the T3 Dome Complex is that much lower than if the drilling was part of a greenfield programme.
Thus, I would be happy for MOD, after the next R&R update, to focus on drilling out this Dome to determine just how much Cu they may have here vs. proceeding with mine development.
It could be a case that MOD needs a much bigger plant:
Cheers
John
MOD Price at posting:
4.8¢ Sentiment: None Disclosure: Held
